Hankinson, ND
Population 768 · North Dakota
About Hankinson, ND
Hankinson is a small community located in North Dakota with a population of 768 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,250 per year, which is 12% below the national median of $75,149. The median age of 45.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hankinson features a median home value of $100,700, which is 59% below the national median of $244,900. This makes Hankinson one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $533, 54% below the national average of $1,163/month. Of the 416 total housing units, 87% are owner-occupied (282 units) and 13% are renter-occupied (42 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hankinson shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hankinson have an average one-way commute time of 22 minutes.
Education & Demographics
20.2% of Hankinson residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 2.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.9% of the population being foreign-born.
How Hankinson Ranks in North Dakota
Cost of Living in Hankinson, ND
Compared to national averages, Hankinson has a median household income of $66,250 (12% below the national median of $75,149). Home values average $100,700, which is 59% below the national median. Monthly rent at $533 is 54% below the US average of $1,163. Within North Dakota, Hankinson's income is 9% below the state average of $72,691, and home values are 28% below the state median of $139,496.
Why Live in Hankinson, ND?
Hankinson offers affordable housing with a median home value of $100,700, below the US average of $244,900, and rent that’s lower than the national average at $533/month, and a strong job market with an unemployment rate of just 3.5%. Additionally, the city features a low poverty rate of 10.8%, better than the national average, and short commute times averaging just 22 minutes.
Potential considerations include median household income ($66,250) that falls below the national average. However, Hankinson’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hankinson has a population of 768 with a median age of 45.4 years. Compare Hankinson with other cities to see how it stacks up, or explore all cities in North Dakota.
Similar Cities Near Hankinson
Cities in North Dakota with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hankinson With Other Cities
Frequently Asked Questions about Hankinson
What is the population of Hankinson, ND?
The population of Hankinson, ND is 768 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Dakota.
What is the median household income in Hankinson?
The median household income in Hankinson, ND is $66,250 per year, which is 12% below the national median of $75,149.
What is the median home value in Hankinson?
The median home value in Hankinson, ND is $100,700, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hankinson?
The median monthly rent in Hankinson, ND is $533, which is 54% below the national average of $1,163/month.
What is the unemployment rate in Hankinson?
The unemployment rate in Hankinson, ND is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hankinson, ND a good place to live?
Hankinson offers a moderate cost of living, affordable housing, and a strong job market. With a population of 768 and a median age of 45.4, the city appeals to established professionals and retirees.
How educated is Hankinson, ND?
20.2% of residents in Hankinson aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hankinson?
Key cost-of-living indicators for Hankinson, ND: median home value is $100,700 (59% below national), median rent is $533/month, and median household income is $66,250. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hankinson?
The poverty rate in Hankinson, ND is 10.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hankinson, ND?
Hankinson's population is 0.0% White, 2.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.4% two or more races. 0.9% of residents are foreign-born.